Massive extensions are not uncommon: Weekly chart: The indices falling would not cause the price of copper to fall, this did not happen previous it is not true that the price is tied to the economy as what is told. Also chinese people use copper as a safe store for their money. Price went down in 2008 but this is irrelevant. Went up in...
"Gold safe haven" theory clown crew didn't get the memo yet. The stock market is getting pumped again and the S&P going back up. Or maybe they did but FOMO noobs are still aggressively buying because they saw a big candle that got them all excited. Crash it. Short it to the ground. Gold bottom:
D'OH! The more you look at charts (and social networks), the more you see infinity repeating patterns. The more you recognize infinity repeating patterns, the more you understand the crowd mentality. The more you understand the crowd mentality the better decisions you make. My tactics are all about front running the herd. Selling before they sell or buying...
Charles H. Dow (with Edward Jones and Charles Bergstresser) founded the Dow Jones & Company Inc. and developped the Dow Jones Industrial Average (the big new thing back then were big industries, now it is big tech giants Apple Amazon Google Facebook... Next is going to be renewables and biotech nah just kidding next is a huge recession and WW3 and the end of...
Let me make a few side by side charts first. Gold last bottom, compared to the stock market. Gold and the bond bubble: The bull market is back hurrah: WHAT did go up? Obviously... Conclusions: > Do not expect a direct clear correlation. One would mean people have a crystal ball... > Gold should go up in the future, bottom and start going up in perhaps the...
Too early? :) Disclaimer: As obvious as it is, every one isn't bright or even as smart as a rock, so before the FBI comes to kidnap me, I want to make it clear I am not promoting the Iraqi Dollar scam. Anyone that falls for it is a cretin. Society provides too much support for these people, they clearly should never have passed natural selection. Dumbest...
Wait Wait Wait And then... Hold Hold Hold With BitconnectCoin I get my risk returned to me evertiem. Hope shorts get big funding like in late May. A stop loss of 5-6% funding alone might return 1/3 1/2 your risk on this. Taking 15% off on a 20% dip can be enough to get your risk back. I do not want to miss on shorting, but do not want to enter too early. I...
Sell in May, walk away. Yield curve short term long term inverted yesterday. Or 2 days ago. The spread is at its lowest since 2007. And the last 50 years it has always been followed shortly afterwards by a recession. For those that do not know, interests bonds pay are constant, their price changes (just like a stock). So yield is invertly correlated to bond...
Every time it is different, but in general I would say there are 5 type of trades: 1- Just nosedives and never goes into your favor. Straight down (up). The ones to avoid, which you want to get out of as quickly as possible. Will destroy your account really fast if you do not cut it. Not much you can do about this type. Obviously you get stopped and that's it. I...
It's North Korea. They are using cryptocurrencies to build nuclear weapons. Cool, so it is actually 100 worse than terrorists scammers tax evaders ponzi exchanges. Ahem so... I see Bitcoin having strong support around zero. What is more likely: A) The USA sit and watch criminal terrorist state North Korea build nuclear weapons they can use to blackmail other...
Crude Oil Bought and got stopped. I am now looking for a retest of the lows to get in. Am seeing it make a double bottom and rallying. I think the shorts covered. Sellers are out. Those that shorted previous support turned resistance around 65$. Time for buyers to step in. Especially if the price goes to test the lows slowly. But the right way, not like trending...
What am I doing with my life... Do not believe what they tell you. Hold. Could go to 75. Illuminati.
Oil > Not in an uptrend anymore > Expecting it to go down but not in a straight line > Not biased towards holding past the next resistance > A buy but not yet, maybe in a few days Price would decline like this: Gold > In a downtrend but a weak one > Wall street cheat sheet > I do not want to touch it yet > Wait, and look for a buy around $1200 Copper...
I cannot tell where the top will be but it is likely to be in this area. If this does not hold, then next will be 11500-13000. And past that, 20000-25000. If it makes it to 9700-9800 this bet could even be risk-free since this dumb ponzi drops 10% or more on every single resistance. The way buyers have behaved - disbelief - hope - start getting excited -...
"China State Run Media Broadcasts Anti-American Movies To Millions Amid Deepening Trade War" That's today headlines. Larry Kudlow, Trump market expert that has the job of helping him make sure the stock market goes up, is exhausted constently sollicited by Donal Trump, and even had a heart attack. He wants to leave. “I NEED YOU HERE FOR THE MARKETS”. Interest...
100 million Tether got printed, you know what this means. Wait for breakout / with volume / Bitfinex premium / whatever do what you want I'm not your dad I don't care. Not that hard. High RR. Don't go buy early and end up bagholding: Would not short or not much (just to hedge maybe) till 9666 illuminati. For ETH, THIS IS SPARTA!
Summary Introduction Type 1 Type 2 Type 3 Conclusion Introduction Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference. This is what I know about myself: 1- Strong trends Examples: Ways to define these strong trends - Eyesight - With a momentum...
Hello. I noticed alot of traders new of course but also veterans do not know their basics that well. I myself, needed to get everything a little more clear in my head, there are still a few grey area's, but after making (and after you read) this idea, it will all be much more clear. The TradingView community, in october 2017 consisted of over 3 million monthly...